Simonds International Sells Industrial Knife Business
Simonds International, Florence, SC, manufacturer of cutting tools, has reached an agreement to sell its industrial knife business to IKS-ACM of Florence, SC. The announcement was made by Ray Martino, president of Simonds International.
The sale, anticipated to be in July 2006, consists of several Simonds industrial knife product lines which had previously been sold under the International Knife & Saw brand, including tissue, metal shears and slitters, print knives, paper converting and other selected specialty lines. These lines will continue to be manufactured at the Florence, SC, plant, which is included in the sale of the business.
IKS-ACM will be led by a senior management group of four former Simonds International executives, who collectively have more than ...